Micron Technology, Inc. anticipates the closing of Micron's acquisition of 100
percent of Elpida's equity to occur on July 31, 2013, Tokyo time.
The closing of the acquisition will be pursuant to a Sponsor Agreement entered
into on July 2, 2012, in connection with Elpida's corporate reorganization
proceedings conducted under the jurisdiction of the Tokyo District Court. The
closing of the transaction is subject to satisfaction or waiver of a number of
conditions, including final approval by the Tokyo District Court.
Micron also anticipates concurrently closing its acquisition of a 24 percent
share of Rexchip Electronics Corporation from Powerchip Technology Corporation
and certain of its affiliates.